Lets take a look at the numbers there for you. The dow is currently off by 266 points. The s p is down by 41 and the nasdaq, look at that, a 2. 6 drop, 125 points being shed off the nasdaq. All three are now in correction territory. Lets get more on the trading action on the floor of the stock exchange. Its a pretty ugly day, it really feels like the market is having a lot of difficulty finding its footing. A number of different factors at work. You had the weaker close over in europe. You also had the disappointing Industrial Production or industrial profit numbers out of china today. Add to that the weakness, the continued weakness in the commodity space. Oil is down. Hasnt broken through that 44 level but youre also seeing weakness in zinc and copper, et cetera, and gold today. All of that is keeping pressure on the markets. The s p also breaking below that 1900 level. People were watching that. Right now were watching the russell as well below that 1100 number as well. One of the r
Extend the greek bailout process. Its now official. Were going to have a lot more Additional Details on this big deal. And as we said shares of boeing slipping in the premarket. Worries about demand risk. We will bring you up to speed on that call. First up dow and the s p closed out last week at record highs. The nasdaq finished within 2 of its alltime closing high. This after that deal to extend the greek bailout by four months. The greeks must present their reform plans to creditors today. But this weeks big event is the fed chairs twoday capitol hill testimony on the economy. Janet yellen begins by going before the Senate Banking committee tomorrow. Well bring you live coverage right here on squawk on the street. Jim, is that going to set the tone for the week . Theres some retail that i think can matter. Libya came back online. There is a sense that perhaps we have a number of buyers for Oil Companies that do go under. I think thats worth watching. A lot of money has been raised.